Greenfield Cooperative Bank announces change in leadership



Published: 11/25/2020 4:36:50 PM

GREENFIELD — Greenfield Cooperative Bank and its Northampton Cooperative Bank division has promoted Anthony J. Worden to be its next president and chief executive officer when the bank’s current leader, Michael E. Tucker, retires next year.

“Tony is highly qualified for this role, and has 22-plus years’ experience in community banking,” Kevin J. O’Neil, chairman of the bank’s board of directors, said in a statement. “He has been part of Greenfield Coop’s leadership team since 2009, and has been one of the drivers for our success. We look forward to his leadership of the bank in the coming decade.”

The promotion, effective Jan.1, is in anticipation of the retirement next year Tucker’s retirement. Tucker is relinquishing his title as president, but will remain as chief executive officer until his actual retirement when Worden will take over that role as well. Tucker will remain as a director of the bank and holding company.

O’Neil noted this transition schedule is part of an overall succession plan for the bank the board adopted some time ago.

O’Neil said Worden has worked closely with Tucker in planning to address the challenges of the COVID-19 pandemic within the bank and its local communities.

Worden said he is “honored and excited” to take over his new role at the bank.

A native of Brattleboro, Vermont, Worden has lived in the Valley for the past 30 years. He is a director, Executive Committee member and chair of the Governance Committee for the United Way of Franklin County; a former director of the Franklin County Community Development Corp.; and a former director of the Berkshire Brewing Company of South Deerfield.

Worden received his bachelor’s degree from the University of Massachusetts Amherst, his Master of Business Administration from the Isenberg School of Management at UMass, and he is a graduate of the ABA Stonier Graduate School of Banking at the University of Pennsylvania. Worden lives with his wife, Jennifer and their family in Greenfield.

At the end of this transition year, Tucker will retire after a 41-plus year career in banking. While in law school he took a job in February 1980 as a teller at the former Springfield Institution for Savings (SIS Bank). As a lawyer, he worked for almost 20 years at the bank to become senior vice president and general counsel at SIS Bank. He subsequently worked at Easthampton Savings Bank as senior vice president and chief operating officer.

In July 2002, Tucker was recruited by Greenfield Cooperative Bank to become president.

“Mr. Tucker’s leadership has been invaluable in the bank’s growth and success for the past two decades,” O’Neil said.

Tucker has been the director (and former chair) of the Franklin County Chamber of Commerce; a member of the Economic Development Committee of the Northampton Chamber of Commerce; director of the Deposit Insurance Fund of Massachusetts; and trustee of the Horace Smith scholarship fund in Springfield. He is currently completing his term as a director and chair of the Audit Committee of the Federal Reserve Bank of Boston.

Tucker was also a longtime director and state chairperson for the Massachusetts Bankers Association and also for the Cooperative Bank Employees’ Retirement Association. During his tenure, Tucker chaired the MBA’s bank modernization effort for Massachusetts banking laws. He is also the former director and campaign chairperson of the United Way of Franklin County. Tucker and his wife Janet live in Easthampton.

During Tucker’s time as president, Greenfield Cooperative Bank grew from three offices in 2002 with $175 million in assets and 35 employees to an 11-office community bank as it enters 2021 with $750 million in assets and 100-plus employees. Tucker was instrumental in bringing about the 2015 merger of Northampton Cooperative Bank as a division of Greenfield Cooperative Bank. He also recognized very early on the demands of customers for easy-to-use online and mobile banking outlets.

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